Inteliquent, Inc. (IQNT): Richard Monto , GC & Corporate Secretary of Inteliquent, Inc. sold 5,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $16.88 per share for a total value of $84,400.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Edward Greenberg (director) sold 1,000 shares at $15.83 per share price.On May 3, 2016, John Harrington (SVP-Regulatory,Litigation &HR) sold 15,155 shares at $16.40 per share price.Also, On Apr 7, 2016, Richard Monto (GC & Corporate Secretary) sold 15,155 shares at $16.53 per share price.On Mar 3, 2016, Rian J. Wren (director) sold 10,577 shares at $17.12 per share price.
Inteliquent Inc: On Monday, May 16, 2016 heightened volatility was witnessed in Inteliquent Inc which led to swings in the share price. The shares opened for trading at $16.47 and hit $16.98 on the upside , eventually ending the session at $16.87, with a gain of 2.00% or 0.33 points. The heightened volatility saw the trading volume jump to 2,26,880 shares. The 52-week high of the share price is $23.2 and the company has a market cap of $575 M . The 52-week low of the share price is at $14.56.
On Apr 28, 2016, Inteliquent Inc announced a cash dividend of $0.1600. The company’s management has announced May 24, 2016 as the ex-dividend date and fixed the record date on May 26, 2016. The payable date has been fixed on Jun 9, 2016.
Inteliquent Inc. is a provider of wholesale voice services for carriers and service providers. The Company offers voice telecommunications services using an all-Internet Protocol (IP) network which enables to deliver connectivity for a variety of media including voice and historically data and video. The Companys solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network. The Company provides voice interconnection services primarily to carriers including wireless wireline cable and broadband telephony companies. Its voice services allow carriers to exchange local and long distance traffic between their networks. The Companys service offering includes managing network capacity between tandem switches and customers switches for improved network quality and reduced call blocking. The Company also provides customers with invoices management reports and call detail records in paper and electronic formats.